The Cecilian Bank Mortgage Rates, Fees & Info

Cecilia, KY

LEI: 549300S2RLEOF6WG7P87

Tax ID: 61-0153205

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Cecilian Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Cecilian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Huntington, Louisville, Bowling Green, and Owensboro among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Cecilian Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Cecilian Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.91% 4/21/24
    30 Year Conventional Refi 7.03% 4/21/24
    30 Year Cash-out Refi 7.56% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 6.57% 4/21/24
    15 Year Conventional Refi 6.78% 4/21/24
    15 Year Cash-out Refi 6.78% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Cecilian Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Cecilian Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    401

    Origination Dollar Volume (All Markets)

    $56,935,000

    Employee count

    217

    Awards

    The Cecilian Bank 30 Year Conventional Loans bronze The Cecilian Bank 30 Year Conventional Loans silver
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 202 $31,130,000 $154,109 $1,780 5.34%
    Outside of Metro Areas 176 $18,480,000 $105,000 $1,820 5.28%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $0 5.50%
    LOUISVILLE, KY (FHA|USDA|VA) 6 $1,380,000 $230,000 $2,708 5.29%
    BOWLING GREEN, KY (FHA|USDA|VA) 9 $1,355,000 $150,556 $2,257 5.01%
    OWENSBORO, KY (FHA|USDA|VA) 4 $640,000 $160,000 $2,052 4.59%
    London, KY (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.13%
    Glasgow, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.88%
    The Cecilian Bank's top markets include Elizabethtown, Huntington, Louisville, Bowling Green, and Owensboro among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Cecilian Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Abound Federal Credit Union
    Similarity Rank: 90
    The Cecilian Bank
    Similarity Rank: 135
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 520
    Republic Bank & Trust Company
    Similarity Rank: 770
    WesBanco
    Similarity Rank: 1445
    HOMESERVICES LENDING, LLC
    Similarity Rank: 1768
    Commonwealth Bank and Trust Company
    Similarity Rank: 1978
    Century Mortgage Company DBA Century Lending Company
    Similarity Rank: 5852
    Magnolia Bank
    Similarity Rank: 6928
    FRANKLIN AMERICAN MORTGAGE CO
    Similarity Rank: 10127

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 401 $56,935,000 $141,983 $1,830 5.30%

    For 2018, The Cecilian Bank's most frequently originated type of loan was Conventional, with 401 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 164 $25,860,000 $157,683 $2,095 5.17%
    Cash Out Refi 124 $17,190,000 $138,629 $1,776 5.33%
    Refi 97 $12,765,000 $131,598 $1,359 5.44%
    Other 13 $975,000 $75,000 $1,509 5.39%
    Home Improvement 3 $145,000 $48,333 $1,162 5.83%

    For 2018, The Cecilian Bank's most frequently cited loan purpose was Home Purchase, with 164 originations. The 2nd most popular reason was Cash Out Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 103 $17,735,000 $172,184 $2,361 4.86%
    20 Year 84 $15,560,000 $185,238 $2,198 5.27%
    Other 78 $12,200,000 $156,410 $1,465 5.53%
    15 Year 59 $5,875,000 $99,576 $1,811 5.04%
    10 Year 53 $4,305,000 $81,226 $1,078 5.89%
    5 Year 23 $1,245,000 $54,130 $917 5.73%
    3 Year 1 $15,000 $15,000 $0 7.75%

    For 2018, The Cecilian Bank's most frequently cited loan duration was 30 Year, with 103 originations. The 2nd most popular length was 20 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 195 $18,025,000 $92,436
    $1k-2k 68 $11,410,000 $167,794
    $2k-3k 20 $4,820,000 $241,000
    $3k-4k 2 $620,000 $310,000

    The Cecilian Bank's average total fees were $2,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 195 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 163 $27,595,000 $169,294
    5-6% 136 $19,700,000 $144,853
    6-7% 42 $2,880,000 $68,571
    3-4% 35 $6,055,000 $173,000
    7-8% 20 $570,000 $28,500
    Over 8% 5 $135,000 $27,000

    During 2018, The Cecilian Bank's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 220 $11,100,000 $50,455 $1,276 5.63%
    $100k-200k 100 $13,700,000 $137,000 $2,276 5.03%
    $200k-400k 62 $16,480,000 $265,806 $2,538 4.69%
    $400k-600k 13 $6,185,000 $475,769 $4,014 4.73%
    $1MM+ 3 $6,995,000 $2,331,667 $0 5.17%
    $600k-1MM 3 $2,475,000 $825,000 $4,977 4.58%

    2018 saw The Cecilian Bank place emphasis on $100,000 or less loans with 220 originations, totaling $11,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 114 $7,280,000 $63,860 $1,454 5.63%
    $50k-75k 78 $7,740,000 $99,231 $1,865 5.43%
    $75k-100k 54 $6,530,000 $120,926 $2,160 5.07%
    $100k-150k 47 $7,665,000 $163,085 $2,145 5.01%
    $250k+ 31 $9,205,000 $296,935 $2,131 4.88%
    $150k-250k 27 $5,635,000 $208,704 $2,183 4.92%

    The Cecilian Bank lent most frequently to those with incomes in the $50k or less range, with 114 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 101 $10,685,000 $105,792 $1,792 5.22%
    <20% 62 $5,830,000 $94,032 $1,615 5.14%
    30-36% 58 $7,120,000 $122,759 $1,884 5.35%
    >60% 19 $4,775,000 $251,316 $1,492 5.72%
    50-60% 17 $3,975,000 $233,824 $2,818 5.51%
    42% 17 $2,515,000 $147,941 $1,964 5.38%
    40% 15 $1,945,000 $129,667 $1,672 5.03%
    37% 13 $1,525,000 $117,308 $1,937 5.57%
    36% 9 $1,435,000 $159,444 $2,346 4.76%
    38% 9 $1,105,000 $122,778 $2,591 4.97%
    47% 9 $765,000 $85,000 $1,007 5.53%
    45% 7 $735,000 $105,000 $1,343 6.32%
    41% 6 $540,000 $90,000 $1,936 5.46%
    39% 6 $870,000 $145,000 $2,421 4.73%
    43% 5 $345,000 $69,000 $1,760 5.90%
    48% 3 $345,000 $115,000 $3,973 5.58%
    49% 1 $65,000 $65,000 $1,582 4.63%
    46% 1 $275,000 $275,000 $1,989 4.50%

    The Cecilian Bank lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? <20%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 352 $43,710,000 $124,176 $1,826 5.30%
    Not applicable 42 $11,940,000 $284,286 $0 5.26%
    Asian Indian 1 $665,000 $665,000 $4,977 4.00%
    Black 5 $525,000 $105,000 $1,285 5.63%
    Native Hawaiian or Islander 1 $95,000 $95,000 $900 4.88%

    Approval Rates

    Total approvals of all applications
    91.68%

    The Cecilian Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.54%

    The Cecilian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    325.0 1 $15,000 $15,000
    525.0 1 $25,000 $25,000
    NA 399 $56,895,000 $142,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $10,835,000 $985,000
    Single Family (1-4 Units):Manufactured 45 $2,345,000 $52,111
    Single Family (1-4 Units):Site-Built 345 $43,755,000 $126,826

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $3,245,000 $66,224 $1,097 5.52%
    40-60% 55 $7,075,000 $128,636 $1,749 5.13%
    60-80% 144 $19,960,000 $138,611 $2,098 5.16%
    80-100% 108 $20,860,000 $193,148 $2,278 5.08%
    Over 100% 10 $4,950,000 $495,000 $2,607 5.64%
    Under 20% 22 $400,000 $18,182 $418 6.74%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Cecilian Bank 104 East Main Cecilia, KY 42724 Full Service B&M $68,284
    The Cecilian Bank 1119 Old Highway 60 East Hardinsburg, KY 40143 Full Service B&M $95,351
    The Cecilian Bank 1211 Hwy 60 East Irvington, KY 40146 Full Service B&M $14,721
    The Cecilian Bank 1625 Elizabethtown Road Leitchfield, KY 42754 Full Service B&M $101,193
    The Cecilian Bank 1808 North Dixie Elizabethtown, KY 42701 Full Service B&M $70,473
    The Cecilian Bank 222 South Main Street Hardinsburg, KY 40143 Full Service B&M $7,458
    The Cecilian Bank 235 East Western Avenue Sonora, KY 42776 Full Service B&M $26,477
    The Cecilian Bank 245 North Dixie Boulevard Radcliff, KY 40160 Full Service B&M $16,013
    The Cecilian Bank 2920 Ring Road Elizabethtown, KY 42701 Full Service B&M $38,087
    The Cecilian Bank 302 Bypass Road Brandenburg, KY 40108 Full Service B&M $31,670
    The Cecilian Bank 3460 Leitchfield Road Cecilia, KY 42724 Full Service B&M $55,668
    The Cecilian Bank 402 South Main Street Leitchfield, KY 42754 Full Service B&M $16,664
    The Cecilian Bank 536 Highland Avenue Vine Grove, KY 40175 Full Service B&M $50,313
    The Cecilian Bank 6151 Rineyville Road Rineyville, KY 40162 Full Service B&M $28,082
    The Cecilian Bank 76 Public Square Leitchfield, KY 42754 Full Service B&M $94,793

    For 2018, The Cecilian Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,816
    Net interest income $29,096
    Total noninterest income $6,261
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,761
    Trading account gains and fees $0
    Additional Noninterest Income $3,500
    Pre-tax net operating income $13,906
    Securities gains (or losses, -) $2
    Income before extraordinary items $12,139
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,139
    Minority interest net income $0
    Net income $12,139
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,137

    The Cecilian Bank's gross interest income from loans was $33,816,000.
    The Cecilian Bank's net interest income from loans was $29,096,000.
    The Cecilian Bank's fee based income from loans was $2,761,000.
    The Cecilian Bank's net income from loans was $12,139,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,720
    Provision for credit losses $1,850
    Total noninterest expense $19,601
    Salaries and employee benefits $9,681
    Premises and equipment expense $2,646
    Additional noninterest expense $7,274
    Applicable income taxes $1,769
    Net charge-offs $863
    Cash dividends $7,387

    The Cecilian Bank's interest expense for loans was $4,720,000.
    The Cecilian Bank's payroll and benefits expense were $9,681,000.
    The Cecilian Bank's property, plant and equipment expenses $2,646,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $696,615
    Deposits held in domestic offices $696,615
    Deposits by Individuals, partnerships, and corporations $583,891
    Deposits by U.S. Government $1,187
    Deposits by States and political subdivisions in the U.S. $111,537
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $402,697
    Demand deposits $110,891
    Nontransaction accounts $293,918
    Money market deposit accounts (MMDAs) $37,226
    Other savings deposits (excluding MMDAs) $65,988
    Total time deposits $190,704
    Total time and savings deposits $585,724
    Noninterest-bearing deposits $113,664
    Interest-bearing deposits $582,951
    Retail deposits $659,406
    IRAs and Keogh plan accounts $47,697
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $875,638
    Cash & Balances due from depository institutions $40,249
    Interest-bearing balances $1,503
    Total securities $216,302
    Federal funds sold & reverse repurchase $20,163
    Net loans and leases $566,302
    Loan and leases loss allowance $8,745
    Trading account assets $0
    Bank premises and fixed assets $18,262
    Other real estate owned $64
    Goodwill and other intangibles $1,471
    All other assets $12,825

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $875,638
    Total Liabilities $785,267
    Total deposits $696,615
    Interest-bearing deposits $582,951
    Deposits held in domestic offices $696,615
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $41,325
    Trading liabilities $0
    Other borrowed funds $42,509
    Subordinated debt $0
    All other liabilities $4,818

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $566,302
    Loan and leases loss allowance $8,745
    Total loans and leases (domestic) $575,047
    All real estate loans $479,022
    Real estate loans in domestic offices $479,022
    Construction and development loans $50,246
    Residential 1-4 family construction $8,311
    Other construction, all land development and other land $41,935
    Loans secured by nonfarm nonresidential properties $175,180
    Nonfarm nonresidential secured by owner-occupied properties $70,223
    Commercial real estate & other non-farm, non-residential $104,957
    Multifamily residential real estate $14,386
    1-4 family residential loans $189,589
    Farmland loans $49,621
    Loans held in foreign offices $0
    Farm loans $7,283
    Commercial and industrial loans $45,195
    To non-U.S. addressees $0
    Loans to individuals $40,886
    Credit card loans $1,092
    Related Plans $15,687
    Consumer Auto Loans $7,794
    Other loans to individuals $16,313
    All other loans & leases $2,661
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,634
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $520
    Non 1-4 family restructured loans & leases $116
    Total loans and leases (foreign) $0

    The Cecilian Bank had $566,302,000 of loans outstanding in 2018. $479,022,000 of loans were in real estate loans. $50,246,000 of loans were in development loans. $14,386,000 of loans were in multifamily mortgage loans. $189,589,000 of loans were in 1-4 family mortgage loans. $7,283,000 of loans were in farm loans. $1,092,000 of loans were in credit card loans. $7,794,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 348 $86,059 $247,296
    Nonfarm, nonresidential loans - <$100k 121 $6,920 $57,190
    Nonfarm, nonresidential loans - $100-250k 102 $15,017 $147,225
    Nonfarm, nonresidential loans - $250k-1MM 125 $64,122 $512,976
    Commercial & Industrial, US addressed loans - <$1MM 464 $21,667 $46,696
    Commercial & Industrial, US addressed loans - <$100k 369 $8,531 $23,119
    Commercial & Industrial, US addressed loans - $100-250k 69 $6,598 $95,623
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $6,538 $251,462
    Farmland loans - <$1MM 252 $27,838 $110,468
    Farmland loans - <$100k 118 $4,933 $41,805
    Farmland loans - $100-250k 101 $13,396 $132,634
    Farmland loans - $250k-1MM 33 $9,509 $288,152
    Agriculture operations loans - <$1MM 213 $6,544 $30,723
    Agriculture operations loans - <$100k 193 $4,014 $20,798
    Agriculture operations loans - $100-250k 14 $1,282 $91,571
    Agriculture operations loans - $250k-1MM 6 $1,248 $208,000